> The valuations of these companies are probably on the high side and I'd expect post IPO share values to drop quite a bit and would not personally consider buying anything until after that happens.
The problem is that you ARE buying them precisely at the high IPO prices if you have retirement/pension funds that are invested in market indexes.
Nope, you’ll be buying at whatever the price is several days after the IPO. This could easily be below IPO prices as has happened with many other companies.
The problem is that you ARE buying them precisely at the high IPO prices if you have retirement/pension funds that are invested in market indexes.